In-Hand Salary refers to the actual amount of money an employee receives in their bank account after all deductions are made from the gross or CTC (Cost to Company). It is the “take-home pay” available for spending or saving every month. While the gross salary includes basic pay, allowances, and employer contributions, the in-hand salary is calculated after subtracting statutory deductions such as income tax (TDS), professional tax, employee provident fund (EPF) contribution, health insurance premium, and any other recoveries. In other words, it is the net salary that an employee can actually use.
In-Hand salary calculator is your go-to tool for quickly understanding your actual take-home salary. Taxes, deductions, and exemptions can be confusing — we simplify it for you by providing an easy-to-use calculator tailored for India's latest tax rules.
Whether you're a fresher stepping into your first job, a professional planning a switch, or simply curious about your payslip, our calculator helps you estimate your net salary in just a few clicks. No data storage, no personal tracking — just pure, simple calculations.
Get StartedUnderstanding your take-home pay—the actual amount that reaches your bank account each month—is essential for effective financial planning. While your annual Cost to Company (CTC) may look impressive on paper, it's important to remember that CTC includes several components such as basic salary, allowances, bonuses, and employer contributions to provident fund or gratuity. After accounting for statutory deductions like income tax, professional tax, and employee provident fund (EPF), your in-hand salary is often significantly lower than the total CTC.
To make this process easier, we've provided an interactive salary calculator below. Simply adjust the slider to input your annual CTC, and you'll instantly see an estimate of your monthly take-home pay. This tool factors in the latest tax regimes, standard deductions, and mandatory contributions, giving you a realistic picture of what you can expect to receive.
India currently offers two tax regimes:
Choosing the right regime can make a noticeable difference in your monthly take-home pay. Our calculator helps you compare both options so you can make an informed decision.
Scroll further down for our frequently asked questions (FAQs) about salary structures and tax regimes.
Use the slider below to enter your annual CTC and instantly see an approximate in-hand salary based on the latest tax regime. This quick estimate helps you plan your finances before switching to the full calculator.
CTC: /annum
Gross In-Hand: /month
To know the exact in-hand salary post TDS click here
We've compiled answers to the most common queries about our salary calculator, tax regimes and take-home pay estimates. Click on a question below to see the answer.
The old tax regime is the existing tax structure under which taxpayers can claim various deductions and exemptions under different sections of the Income Tax Act. It has a higher tax rate but allows taxpayers to claim tax benefits on various investments and expenses.
The new tax regime has lower tax rates than the old regime but eliminates the tax benefits of various investments and expenses.
One can claim few selective deductions under the new tax regime for FY 2024-25 such as standard deduction of Rs.75,000, interest on Home Loan u/s 24b on let-out property, employer’s contribution to NPS u/s 80CCD, Contributions to Agniveer Corpus Fund u/s 80CCH, Deduction on Family Pension Income (lower of 1/3rd of actual pension or 15,000) is applicable for the FY 24-25.
No, HRA exemption u/s10(13A) is not allowed in the new tax regime.
Yes, you can switch between the old and new tax regimes every year at the time of filing their tax returns. However, once you opt for the new tax regime for a year, you cannot claim any tax benefits available in the old tax regime. If you have business income, you can shift from new to old regime, but you have only one time option to shift back to new regime.
Form 10-IEA must be filed for opting to pay taxes under the old tax regime.
In the old tax regime, the basic exemption limit for senior citizens is Rs. 3 lakhs and for super senior citizens is Rs. 5 lakhs. In the new tax regime, the basic exemption limit is Rs. 3 lakhs for all the individuals irrespective of their age.